Are there any predictions when or how soon the market will stabilize? Also what was the highest value it has reached and how long did it stay there? I know i could prolly look this stuff up but im lazy any info would be appreciated thanks
It is hard to predict when it will stabilize. The current price is the current highest price (taking a weekly average price). In the past, the price has moved upward and then stabilized in about 8-10 week long movements, so it could stabilize in a couple weeks. Or it could just keep going up for a while.
http://bitcoincharts.com/charts/mtgoxUSD#igWeeklyztgSza1gWMAzm1g7zm2g25zvzl